‘States must be allowed additional 2 per cent borrowing unconditionally during FY-22’
January 22, 2021
Amit Mitra, West Bengal Finance Minister×
WB urges Centre for change in the date of devolution of the State’s share in Central taxes
West Bengal has asked the Centre to allow States to borrow additional 2 per cent of Gross State Domestic Products (GSDP) unconditionally during FY 2021-22 starting April 1. It also wants date of devolution to change.
“Imposition of conditions for borrowing further limits the fiscal space for States,” West Bengal Finance Minister Amit Mitra wrote in a letter to Finance Minister Nirmala Sitharaman. Last year, the Centre permitted additional two per cent borrowing, half of that unconditionally while remaining was attached to four reforms such as PDS and power, . Further, he said that State Government will need to invest more in capital sector projects to boost the economy.
Successful implementation of the reform has made the state eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).
MP starts DBT in power, allowed to borrow Rs 1,423 cr more
By IANS |
Published on
Tue, Jan 19 2021 18:21 IST |
0 Views
Rupees.. Image Source: IANS News
New Delhi, Jan 19 : Giving power sector reforms a fresh leg up , Madhya Pradesh has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers in a single district of the state from December 2020.
Therefore, the state has successfully implemented one out of the three stipulated reforms in the power sector.
The reforms stipulated by the Finance Ministry has made the state eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).
Read more about FinMin allows Madhya Pradesh to raise Rs 1,423 cr through market borrowing on Business Standard. This comes after the state implemented power sector reforms
Madhya Pradesh starts DBT scheme for farmers; leads in power sector reforms
Madhya Pradesh is leading the states in power sector reforms with the initiation of Direct Benefit Transfer (DBT) scheme
BusinessToday.In | January 19, 2021 | Updated 18:41 IST
Madhya Pradesh is leading the states in power sector reforms with the initiation of Direct Benefit Transfer (DBT) scheme.
The DBT Scheme has started for agricultural consumers in the State. The Scheme has been implemented in Vidisha District of the State, where electricity is supplied through the M.P. Madhya Kshetra Vidyut Vitaran Co. Limited with effect from December, 2020, said a statement from the Ministry of Finance.